Jeff Ptak – The Prospects for Active Management - [Invest Like the Best, EP.16]
Invest Like the Best with Patrick O'Shaughnessy
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How Many Managers Are Investing in Their Own Funds?
A majority of active managers either don't have money in their own funds, or the amounts is relatively small. The top rung that's disclosed, and i'm going from memory here, is, i believe, a million or more that's invested in a given find and into us. We think it's important for managers to have some skin in the game, to show it. And so we're talking well below 50 per cent of managers of funds have a manager that is invested at that level.
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